LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$239M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$94.9M |
| 3 |
Goldman Sachs Access US Aggregate Bond ETF
GCOR
|
+$87.2M |
| 4 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$85.4M |
| 5 |
Apple
AAPL
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$135M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$117M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$108M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$81.2M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.1% |
| 2 | Consumer Discretionary | 3.02% |
| 3 | Healthcare | 2.68% |
| 4 | Financials | 2.54% |
| 5 | Communication Services | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2201
Boyd Gaming
BYD
$6.27B
| $705K | ﹤0.01% |
22,965
-26,134
| -53% | -$656K |
|
|
DPG
2202
Duff & Phelps Utility and Infrastructure Fund
DPG
$521M
| $702K | ﹤0.01% |
68,040
+33,126
| +95% | +$371K |
|
|
XRN
2203
Chiron Real Estate Inc
XRN
$465M
| $701K | ﹤0.01% |
10,383
-720
| -6% | -$45.1K |
|
|
PPLI
2204
People Inc
PPLI
$3.45B
| $700K | ﹤0.01% |
10,702
-25,198
| -70% | -$1.73M |
|
|
CSML
2205
DELISTED
IndexIQ ETF Trust IQ U.S. Small Cap ETF
CSML
| $698K | ﹤0.01% |
31,491
-8,670
| -22% | -$196K |
|
|
CADE
2206
DELISTED
Cadence Bank
CADE
| $697K | ﹤0.01% |
35,988
-5,198
| -13% | -$111K |
|
2207
Sabra Healthcare REIT
SBRA
$5.21B
| $696K | ﹤0.01% |
50,485
-3,356
| -6% | -$49.3K |
|
2208
VeriSign
VRSN
$27B
| $696K | ﹤0.01% |
3,399
-2,242
| -40% | -$463K |
|
2209
Cedar Fair
FUN
$1.85B
| $695K | ﹤0.01% |
24,759
-7,346
| -23% | -$204K |
|
2210
TRI-Continental Corp
TY
$1.9B
| $695K | ﹤0.01% |
26,790
+8,611
| +47% | +$224K |
|
|
DBS
2211
DELISTED
Invesco DB Silver Fund
DBS
| $695K | ﹤0.01% |
20,951
+3,531
| +20% | +$124K |
|
|
MDC
2212
DELISTED
M.D.C. Holdings, Inc.
MDC
| $694K | ﹤0.01% |
15,924
+2,397
| +18% | +$95.6K |
|
2213
PTC
PTC
$15.4B
| $693K | ﹤0.01% |
8,378
+3,153
| +60% | +$269K |
|
2214
Reliance Steel & Aluminium
RS
$21.2B
| $693K | ﹤0.01% |
6,795
-2,449
| -26% | -$249K |
|
2215
American Eagle Outfitters
AEO
$3.03B
| $692K | ﹤0.01% |
46,692
-9,487
| -17% | -$113K |
|
2216
Tapestry
TPR
$31.5B
| $691K | ﹤0.01% |
44,235
+31,067
| +236% | +$457K |
|
2217
Hartford Multifactor Small Cap ETF
ROSC
$63.1M
| $690K | ﹤0.01% |
26,806
+1,636
| +6% | +$42.6K |
|
2218
Tower Semiconductor
TSEM
$27.1B
| $690K | ﹤0.01% |
37,864
+2,388
| +7% | +$48.1K |
|
2219
Invesco S&P Emerging Markets Momentum ETF
EEMO
$24.3M
| $689K | ﹤0.01% |
43,179
+4,495
| +12% | +$70.5K |
|
2220
Tortoise North American Pipeline ETF
TPYP
$864M
| $687K | ﹤0.01% |
45,859
-4,895
| -10% | -$81K |
|
2221
BlackLine
BL
$1.94B
| $686K | ﹤0.01% |
7,651
+3,254
| +74% | +$273K |
|
2222
WisdomTree US Efficient Core Fund
NTSX
$1.4B
| $686K | ﹤0.01% |
20,603
+5,965
| +41% | +$196K |
|
|
SAFM
2223
DELISTED
Sanderson Farms Inc
SAFM
| $685K | ﹤0.01% |
5,809
+34
| +0.6% | +$3.97K |
|
2224
Sunoco
SUN
$14B
| $680K | ﹤0.01% |
27,891
+1,748
| +7% | +$44K |
|
2225
Invesco S&P MidCap 400 GARP ETF
GRPM
$497M
| $679K | ﹤0.01% |
11,329
-14,767
| -57% | -$897K |
|
Similar funds
LPL Financial's Q3 2020 Portfolio in Review
As of Q3 2020, LPL Financial held 3,702 positions worth $64B, up 12% from $57.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $2.84B of net new capital in Q3 2020, opening 233 new positions and adding to 1,921 existing holdings. Its largest new stake was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, up from 5.5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $135M trimmed.
- LPL Financial's largest Q3 2020 buy was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
- LPL Financial added most to Goldman Sachs ActiveBeta US Large Cap Equity ETF in Q3 2020, an estimated $239M increase.
- LPL Financial's biggest Q3 2020 reduction was iShares S&P 500 Growth ETF, cutting an estimated $135M.
- LPL Financial fully exited iShares iBonds Sep 2020 Term Muni Bond ETF in Q3 2020, selling an estimated $6.02M.
- LPL Financial's ten largest holdings make up 21% of its $64B portfolio in Q3 2020.
- LPL Financial opened 233 new positions and closed 157 in Q3 2020.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $64B.
Based on LPL Financial's 13F filing for Q3 2020, filed 9 Nov 2020.